Author: dailyguardian.ae

Indian Prime Minister Narendra Modi has underlined the importance of brotherhood and cooperation among nations. “We all have experience in governance,” he said. “We need to work with each other and learn from each other.” Modi was speaking on the final day of the World Governments Summit (WGS) 2024 where India was a guest of honour. Speaking in Hindi, he said it was important for governments to protect their personal interests while playing a role in the international community. “Our national interest should balance our commitment to the international law,” he said. “Countries need to ask themselves how to contribute…

Shariah-compliant Ajman Bank on Wednesday said its total operating income reached Dh1.56 billion in 2023 as compared to Dh942 million in 2022, an increase of 66 per cent. Net operating income totalled Dh857 million, supported at the same time by strong growth in assets reaching Dh24.9 billion, an increase of 18.12 per cent compared to the same period of the previous year. The lender saw 8.29 per cent growth in Islamic financing assets, which closed the year at Dh13.8 billion. During the same period, customer deposits grew by 20.8 per cent to Dh19.7 billion. Sheikh Ammar bin Humaid Al Nuaimi,…

Navigating Talent Acquisition: Innovations Group Launches Advanced Candidate Search Portal The advanced Candidate Search Portal is designed to simplify and expedite the recruitment process for employers in the UAE. This state-of-the-art platform offers a comprehensive database of over 1,00,000 skilled candidates, including both white and blue-collar professionals. 7th February 2024, Dubai, UAE: Innovations Group, UAE’s leading staffing and HR solutions provider, streamlines the recruitment process with the launch of its advanced Candidate Search Portal.  This state-of-the-art platform is designed to simplify and expedite the candidate search process for employers, aligning with Innovations’ commitment to leveraging technology to overcome recruitment challenges.…

The smartphone industry is in a weird place right now. It’s in a state of flux where we can see all the benefits of generative AI knocking at the doors, but the various brands apparently have conflicting ideas on how to push them on smartphones despite bold promises. Take, for example, Qualcomm, which introduced the Snapdragon 8 Gen 3 chipset and praised its futuristic generative AI features. The “first mobile platform designed with Generative AI in mind,” said the chipmaker. The company touted a faster virtual assistant using Meta’s Llama 2 language model, the world’s fastest text-to-image generation courtesy of…

A manager of a Dubai-based company has been fined Dh100,000 by a court for defrauding the Nafis programme. The Dubai Public Prosecution referred the case to court, accusing the manager of violating Emiratisation rules. The company manager was accused of employing two female Emiratis and using two work permits for a purpose other than that intended for its issuance. The facility used fake contracts to falsely claim compliance with Emiratisation rules, aiming to qualify for government support through the Nafis programme. The women worked in the private firm for only four months, and their main intention was to obtain the…

Five years since she made her debut at the Dubai Duty Free Tennis Championships, former World No1 Naomi Osaka has joined a glittering roster of players who will compete in the region’s premier women’s tournament. Osaka had taken a 15-month break from competitive action as she gave birth to her daughter, Shai, in July before making a comeback at the Brisbane International and Australian Open last month. She has also made appearances at both the Mubadala Abu Dhabi Open and the ongoing Qatar Open – where she has reached the round of 16. Osaka joins the star-studded lineup, featuring 17…

World Governments Summit in partnership with Strategy& Middle East: A new way to measure productivity highlights the GCC’s potential to boost GDP by $2.5 trillion over the next decade Research also suggests GCC can accelerate GDP growth from 3.8% to 5.4% over the next decade UAE, 14 February 2024: The World Governments Summit is launching a report entitled “In Search of Productivity: The Next $50 Trillion in the Global Economy” in partnership with Strategy& Middle East, part of the PwC network. The report introduces a new way of measuring productivity that includes dimensions critical for our age, such as environmental…

We normally focus on more traditional camera deals like DSLRs and action cameras. However, we’ve spotted a great deal on the Polaroid I-2 Instant Camera bundled up with Color i-Type Film so you can take 16 photos. Over at Amazon, you can buy the bundle for $520 so you’re saving $110 off the regular price of $630. If you want a camera that produces instant results, you’ll really appreciate this. It’s a ton of fun. Here’s what else you need to know about it before you buy. Why you should buy the Polaroid I-2 Instant Camera Bundle Different from the…

Dubai Customs on Wednesday said its officers seized more than 6.5kg of drugs from a traveller passing through one of the land borders. The traveller showed signs of nervousness and tried to hasten through the customs inspection, prompting officers for a manual inspection. That lead to the discovery of a transparent plastic bag concealed in a secret pocket of the clothing, containing around 3 grams of crystal meth. Upon a detailed inspection of the traveller’s vehicle, rolls containing 6.567 kilograms of hashish were found. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Last month, Dubai…

Al Ansari Financial Services reported on Thursday a net profit of Dh495 million for 2023 and announced a full-year minimum dividend of Dh600 million, half of which had already been paid out. In a statement, the company said: “In accordance with the 2023 dividend policy of the group, a minimum dividend of Dh600 million (8.0 fils per share) will be distributed, resulting in an annual dividend yield of 7.74 per cent based on the share price of Dh1.03.” In November 2023, the Dubai-based group disbursed a cash dividend of Dh300 million (4.0 fils per share) for the first half of…